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Everything posted by Rob
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The Dorian & Magens shillings came close, but the nearest an official strike came to complete melting was probably the 1945 silver 3d. However, that was related to the need to pay off debts and [presumably] the cessation of silver coinage was proposed by the time they were struck. Any wholesale withdrawal of coinage is usually politically motivated or for financial reasons. A copper penny doesn't fall into either camp.
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I'm not too enthusiastic about the mint bringing them all back to be melted. I would have thought given the problems with dies in the past few years, that any coins made would be retained for release, even if not required at that moment. The previous few years had seen a lot of coins made with the wrong date for the year of manufacture, so why would they melt something they were guaranteed to need in the near future. The world wasn't predicted to end in 1852, and 1853, 1854 and 1855 are hardly rare years. But, crazier things have been done.
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It would probably help if it is possible to get an approximate number of dies used per annum for the period in question. 1825 halfpennies for example had a mintage of 200K ish with 4 identifiable die pairs (though could be more if identical dies were produced). Whatever, 40-50K struck per die pair is a reasonable guess under normal circumstances. However, we do know that things went awry at the mint in the late 1840s when die life plunged dramatically. According to Linton's article on the 1848 halfcrown in the BNJ vol.29, in 1847 a total of 367K halfcrowns were struck from 22 obverse dies, implying only 16 or 17K per die i.e. roughly half. This accounts for the relatively large number of overcut dates in the second half of the decade, when existing dies were reused, presumably to maximise die use when the supply of new dies was uncertain. The same bar stock was almost certainly used for pennies as for halfcrowns, given they are about the same diameter and so presumably experienced the same problems if it was a metal problem, or if a metal treatment problem then it would apply to all dies. It is unhelpful that the mint records for 1848 to 1852 inclusive are missing according to Linton. A mintage of 236K would suggest between 5 and 13 obverse dies were used in 1852 depending on whether they had sorted the die life problem. My gut instinct is that it was only a temporary blip given the output of 'Godless' florins in 1849 and so we would be looking at somewhere between 30 and 50K per die - i.e. 5-8 dies. Wikipedia gives a mintage of 432,224 for 1851. Does this include 1852 for which none are given? Where does the figure of 236K come from or any quoted figures for the other years in the period 1848-52? How many discrete 1851 dies can be identified? If we are looking at a number well in excess of what you would expect based on expected output per die, then clearly much of the 1852 output was likely struck from 1851 dies, though you couldn't exclude the use of other existing dies, after all, 1849 was a relatively scarce year.
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The evidence from clashed dies tells us that the softening and hardening processes are not a precise art, as clearly one die was harder than the other for it to make an impression. But given the degree of heating required to soften the die, I think you would struggle to get localised differences on the same die. I presume they will put it in an oven/furnace which should give even conditions across all surfaces. The key to any grease escaping has to be whether it is restrained by a well fitting collar or not. Liquids are virtually incompressible, so at the pressures we are talking about here a sealed unit would have no problem stopping the dies from making contact.
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That's because slabbing has effectively commoditised the product, just like things have a recommended retail price in the shops
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Silly prices, but the rationale for putting on a higher price is that you can always come down, but never put the price up. eBay's a difficult one to suss psychologically. Do you just do a BIN at 15% over what you want, or do you put a higher price on it and make the buyer feel better for getting a discount. But then you find that some people won't make a best offer because they are afraid of paying more than they need to, or others will only ever make a derisory offer and presumably are happy with the occasional trophy, whilst most of the time the vendor recognises that valuations are poles apart and either declines or ignores the offer. To go back to the original post, a 100% premium is not outrageous when compared to the typical offer at 50-60% of your asking price, irrespective of whether the BIN is a fair price or not. Make an offer at 50% of the listing price and see what happens, assuming that is reasonable.
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All I have is Krause which says 0.500 silver
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Albert must have been stroking Vicky's hair for a change.
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I don't think so because the serifs at the end are much wider than the connecting bar, which looks to be very thin in the middle section. The I is a normal size, which on a halfgroat is small relative to the letters on larger denominations, but there isn't a lot of downsizing possible in the letters, with only 3/4d, 1d & threehalfpence as possibilities. On these you are still looking at a wider I than seen, if it was one. But thinking out loud, a datal 1 on a three farthings is smaller, so should probably be added to the mix even though the serifs are not usually that much wider than the upright.
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The closest I can come up with is the cross on the orb at the top of the crown on P&M shillings, or the one below that. That's possible because the crown was made of composite punches. e.g. this one that was on AMR
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Currently unique is probably more appropriate given the tendency for more examples to come to light once a new type is discovered. That guy had it for 10 years before he noticed. It's reasonable to assume that others have been similarly overlooked.
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I'm not too fussed about the inverted A for V as this occurs on a regular basis across many reigns. The I over a cross however, is somewhat more intriguing as it looks to be a style of cross which I am struggling to find used on Elizabeth's coins. It's not the same cross as that seen on top of the crown and it's not a letter X because this would have to take the form of a cross pattee saltire, which is most improbable. That leaves us with a cross pattee of a style that harks back 300 years. Is anyone into medals that could possibly find a use for such a cross?
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New one for me.
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Another 1695 Dei Gratia Half Penny
Rob replied to rooneydog's topic in British Coin Related Discussions & Enquiries
The Nicholson P565 went through LCA in both Nov. 2004 and June 2005 @ £2K and £2500 hammer respectively. It went to Japan on the second occasion, which is where I remember that from, and the previous November's sale had Stone's collection. I now remember why I didn't go for the W&M at both sales. Stone's sale in 2004 had a lot of rarities that commanded my attention including the 1719 grained edge 1st issue 1/2d (Peter Jackson had bought Nicholson's, but still bid against me in the room) and I picked up my 1734/3 halfpenny, which despite only a bit better than VF-gVF is still a full grade higher than the few others I've seen. It was a case of being spoilt for choice. Included in a few purchases at the second sale there were a couple of 1947 proof shillings which I wanted, and a 1673 halfpenny slabbed NGC MS65, which was obviously a 1675/3 in hand without magnification and would be a sensible replacement for my previously PCGS MS64 slabbed 1673 (also 5/3). Having waited for the 1673, I picked it up at opening bid , so sold the 1675/3 and replaced it with the new one, only to discover later that the new 1675/3 was in fact 1675/3/2. I never got round to replacing the 5/3. In addition to these three, I eventually ended up with a proof 1957 halfpenny, Nicholson's P607 and half a dozen others from the collection, a Weyl 1887 tin halfpenny, a few Vicky shillings and halfpennies and several hammered shillings in the space of a few days. Given sufficient liquidity I could have happily spent 10 or 20 times the amount considering the rarities on offer at that time, with both the LCA sale and Goldberg's Cheshire Collection up for grabs on successive weekends. Prices then look so much more affordable from today's perspective. -
Another 1695 Dei Gratia Half Penny
Rob replied to rooneydog's topic in British Coin Related Discussions & Enquiries
In that case I was thinking of something else going to Japan. -
Another 1695 Dei Gratia Half Penny
Rob replied to rooneydog's topic in British Coin Related Discussions & Enquiries
I remember that. I made a point of not bidding. I should have gone for the Nicholson coin, but I vaguely recall that went to Japan in Stone's LCA sale. Might be wrong though. -
Another 1695 Dei Gratia Half Penny
Rob replied to rooneydog's topic in British Coin Related Discussions & Enquiries
I think it is safe to say I couldn't live with that. It's like virtually every other rarity when it comes to regular currency coins. Once the variety is documented, a handful appear in reasonably quick time. -
I've got a couple copies of Freeman available. 1970 1st ed. and 1985 2nd ed., both good clean copies with minimal marks to the dust jackets. £15 & £20 delivered respectively if anyone is interested.
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I just get a message saying this page is reserved for future use.
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Eeee. That's a bargain. Cheaper than the £1-£6 they were selling for in Cuff (1854)
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Customs Charges - how random are they?
Rob replied to 1949threepence's topic in British Coin Related Discussions & Enquiries
Vat is payable on the total cost of the imported package, i.e cost of item plus postage as well. I presume that makes up the difference, as £1.50-1.60 x 5 is £7.50-£8 which could be about right for a package depending on the service used. The exchange rate used will depend on the prevailing rate on the day, which might be the post office's own for currency, or could be the financial market's rate, or could be the buy or sell rate for someone else. It's not going to be a million miles away, so not really an issue. There is a cheaper solution to these clearance fees which is to book the import VAT at the point of purchase using an integrated ordering system, just as ebay adds a tax charge onto sales to certain US states. Once that's done, there is no hassle with having to clear a parcel manually. As a business, it's far preferential to have a system which eliminates human involvement wherever possible because the cost of putting bums on seats is significant. -
They were producing DEI GRATIA obverses for all the silver in 1695. Probably just a case of someone forgetting the denomination they were engraving. A date of 1695 could mean as late as March, in which case you were only 5 months prior to the start of the recoinage. The decision to do this was made in 1695, so were they making dies in advance of the new mints opening as soon as the law was passed? Again, just forgetting what you were making.
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The Elusive 2002 Jamaica Proof Set Remains So
Rob replied to VickySilver's topic in Enquiries about Non British coins
Collecting a specific series,date run, or anything that the coin in question ticked a box and I would be unlikely to find another would mean I wouldn't sell it, though might sell separately to a different person than the whole collection was consigned to when sold. This only really affects collections that are specialist in nature, because a generalist collection could always find an alternative to fill the gap.